Season beef with salt and mix well into meat. Then heat a large pot on high heat. Add in meat to brown. Sear about 3-5 minutes each side.
Remove meat from pan. Then add in carrots, celery, onion, tomato paste, and ketchup. Saute for 5 minutes.
Add in beef broth, water, bay leaf, seasoned salt, and sugar. Bring to a boil. Then turn heat to low and allow to simmer for 1.5-2 hours until meat is tender.
Occasionally remove foam that builds up on the surface of the stew.
When meat is tender, add in potatoes and turn up heat to medium. Allow to cook until potatoes are tender, approximately 20 minutes.
Taste for seasoning and add salt or sugar to taste.